US Capital Global Provides $17.8MM Real Estate Loan for Luxury Real Estate Developer
San Francisco-based private financial group provides financial products for the refinance and construction of a luxury residential property in the Hollywood Hills of California.
SAN FRANCISCO, JULY 2018 – US Capital Global has provided a $17.8 million construction term loan for a luxury home development company in the Hollywood Hills of California. The company sought debt finance to refinance an existing loan and complete construction on a luxury mid-development real estate project.
Headquartered in San Francisco, US Capital Global is a full-service private financial group with an established track record in asset-based finance, realty investment, and capital raise services. The firm focuses on providing lower middle market businesses and investors with sophisticated debt, equity, and investment products usually available only to larger companies and institutional investors.
“We are extremely pleased to have provided $17.8 million for the refinance and construction of this luxury residential property in the Hollywood Hills of California,” said Jeffrey Sweeney, Chairman and CEO at US Capital Global. “Construction prices increased beyond original budget and the current lender was unable to provide the additional financing needed. US Capital Global underwrote the percentage of construction completed, the percentage of construction remaining, and the value of the development ‘as completed,’ to be able to refinance the current lender and provide additional construction capital.”
About US Capital Global
Since 1998, the US Capital team has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. The US Capital Global group manages direct investment funds and provides wealth management and capital raise services. Operating with its registered investment bank affiliate, US Capital Global Securities, LLC, the firm acts as a licensed placement agent for companies, funds, and projects, and collaborates closely with its peers in professional banking and investment advisory. www.uscapglobal.com